IMPORTANT: The information provided below is not to be considered a solicitation of any kind in any way. This information is not applicable or available to any party coming in contact with this information (whether inadvertently or intentionally) who is not a sophisticated or accredited investor. By continuing to read the information below, you affirm that you are a financially sophisticated or accredited investor. Further information regarding this historical asset opportunity will be provided only in direct response to a request for that information from yourself or through your duly appointed liaison/representative.
OLDHistorical Asset Purchase Update-5
Review our Complete Historical Asset Sale FAQs
Review our Complete Historical Asset Sale FAQs
Update - May 21, 2021
Over the past few days, SRM has received additional information and understanding related to the current status of the Historical Asset Sale and Purchase opportunity underway right now. This Update-5 represents our best effort to summarize the current status of this opportunity--based on information we've received from our attorney contact who is a principal in a tier-1 trade group to which our client's packages have been submitted.
Currently Expressed Buyer Interest - as reported by SRM's prime trade group source
Currently, the Buyer's purchase interest appears to be solely focused on:
> 1924 German External Loan (Dawes) bonds $1000
Recently, we have been told that the Buyer's specific purchase interest also includes:
> Chinese Super Petchili bonds
We have also been told that after purchase of the German bonds has concluded that Buyer's purchase activities of Chinese Super Petchili bonds will proceed--but we have no way to verify this information.
SRM continues to hope that some of the larger packages we've submitted (such as TOV, NIQD, Yellow Dragon boxes, etc.) will ultimately be purchased but we are currently unable to verify whether this will happen. SRM still has been unable to obtain clarification regarding actual purchase interest in U.S. Historical assets such as TOV, FRN boxes, etc.
Status Report on Purchasing Activity - from SRM's PRIME trade group source
Accurately reporting package status has been a challenging endeavor. SRM does receive regular periodic updates from our prime trade group source, however, the trade group can only report to us what has been reported to them by representatives of the foundation buyers. Our prime source has started declining acceptance of additional packages. Here is the latest status information that has filtered through to SRM from this prime trade group source.
Status Report on Purchasing Activity - from an ALTERNATIVE trade group source
SRM currently is receiving historical bond purchase information that is coming to us through a trusted UK party with whom we have worked for several years. Our best understanding is that this alternative source is associated with another trade group other than SRM's prime trade group (mentioned above)--and that that trade group is interfacing with the same Buyer's being represented by our prime trade group. This alternative trade group is still indicating that historical bond packages are still being accepted for various assets. If SRM is unable to place a new bond package with our prime trade group source, we will place it with our alternative trade group source.
Submission of additional bond packages
SRM has been advised that the most promising packages to submit are packages that contain 1,000 or more bonds--with emphasis on the 1924 German bonds and the Chinese Super Petchili bonds described above. SRM is counseling bond sellers (1) to submit a minimum of 1000 serial numbers so they can be verified to be serial numbers that have not been previously submitted, (2) to submit the complete package with the serial numbers for at least 1,000 bonds, and (3) to make sure they include in their original submission package the serial numbers for "all" the bonds of that type that they have available and that they really want to sell.
Processing Activities
The following list represents SRM's best understanding of the Processing Activities:
Commissions
The total commission being paid by the Buyers is 10%. Rather than the normal division of the total commission into 50% for the buy-side parties and 50% to the sell-side parties, the entire 10% commission will be split equally between all buy-and sell-side parties. There are 5 parties expected on the trade-group buy-side plus an unknown number of banker/buyer representatives that will be included. At the appropriate time, each intermediary will be asked to submit a designated CIS document that includes the paymaster to which their portion of the commission will be delivered by the Buyer's paymaster.
Payment process for Intermediaries
The prime paymaster will make one payment to the seller and one to a paymaster representing all intermediaries. Each intermediary will be required to establish an account with the intermediary paymaster and then arrange for any further distribution of payments directly with that paymaster. The U.S. attorney and Federal Paymaster that has been chosen to distribute intermediary commissions is located in Florida and has U.S. Homeland Security clearance for making distributions anywhere in the world. SRM will be providing its client-side intermediaries with the documents needed to create their paymaster account.
Over the past few days, SRM has received additional information and understanding related to the current status of the Historical Asset Sale and Purchase opportunity underway right now. This Update-5 represents our best effort to summarize the current status of this opportunity--based on information we've received from our attorney contact who is a principal in a tier-1 trade group to which our client's packages have been submitted.
Currently Expressed Buyer Interest - as reported by SRM's prime trade group source
Currently, the Buyer's purchase interest appears to be solely focused on:
> 1924 German External Loan (Dawes) bonds $1000
Recently, we have been told that the Buyer's specific purchase interest also includes:
> Chinese Super Petchili bonds
We have also been told that after purchase of the German bonds has concluded that Buyer's purchase activities of Chinese Super Petchili bonds will proceed--but we have no way to verify this information.
SRM continues to hope that some of the larger packages we've submitted (such as TOV, NIQD, Yellow Dragon boxes, etc.) will ultimately be purchased but we are currently unable to verify whether this will happen. SRM still has been unable to obtain clarification regarding actual purchase interest in U.S. Historical assets such as TOV, FRN boxes, etc.
Status Report on Purchasing Activity - from SRM's PRIME trade group source
Accurately reporting package status has been a challenging endeavor. SRM does receive regular periodic updates from our prime trade group source, however, the trade group can only report to us what has been reported to them by representatives of the foundation buyers. Our prime source has started declining acceptance of additional packages. Here is the latest status information that has filtered through to SRM from this prime trade group source.
- Master Contracts were issued to 12 extremely large sellers (whales) of 1924 German bonds.
- 10 of the 12 whales have been paid in full for their bonds.
- 2 of the whales had bond shortages that hindered their TTM closings.
- One of these bond short-falls has been replenished and the other is fairly close to being replenished.
- There is an urgent need for 2 boxes of 1924 German bonds (1800 bonds each). To complete a Master Contract for a large number of bonds in Columbia, the replacement bonds also have to be in Columbia.
- After both short-falls are satisfied, the closing and payment of these last 2 whales will proceed.
- Then sub-contracts for smaller sellers clustered around those 2 whales will receive their contracts.
- Following this, payment of 1% advances (where applicable) to sub-contract sellers will be made.
- Finally, TTM closings and payment for those sub-contracts will be completed.
- After all German bond contracts are closed, the buyers will proceed to contract on Chinese Super Petchili bonds.
Status Report on Purchasing Activity - from an ALTERNATIVE trade group source
SRM currently is receiving historical bond purchase information that is coming to us through a trusted UK party with whom we have worked for several years. Our best understanding is that this alternative source is associated with another trade group other than SRM's prime trade group (mentioned above)--and that that trade group is interfacing with the same Buyer's being represented by our prime trade group. This alternative trade group is still indicating that historical bond packages are still being accepted for various assets. If SRM is unable to place a new bond package with our prime trade group source, we will place it with our alternative trade group source.
Submission of additional bond packages
SRM has been advised that the most promising packages to submit are packages that contain 1,000 or more bonds--with emphasis on the 1924 German bonds and the Chinese Super Petchili bonds described above. SRM is counseling bond sellers (1) to submit a minimum of 1000 serial numbers so they can be verified to be serial numbers that have not been previously submitted, (2) to submit the complete package with the serial numbers for at least 1,000 bonds, and (3) to make sure they include in their original submission package the serial numbers for "all" the bonds of that type that they have available and that they really want to sell.
Processing Activities
The following list represents SRM's best understanding of the Processing Activities:
- Our Prime trade group source has been sellers to first provide the list of German bond ID numbers before submitting their package. There have been multiple instances of duplicate serial numbers being submitted and the trade group doesn't want to receive new bond packages unless they can verify that the serial numbers have not been previously submitted. THIS ALSO APPLIES TO THE 2 BOXES OF GERMAN BONDS URGENTLY NEEDED FROM COLUMBIA.
- Trade Groups review incoming packages to determine which ones are most desirable to foundation Buyers.
- Deep-level due diligence on seller and asset validation is performed on the assets by Buyer's representatives and Banks.
- Based primarily around mega-sized packages of bonds that have been made available for purchase, pools of packages (including the "smaller" large packages) are created for each geographical location.
- Master Contracts are issued for extremely large bond packages chosen for purchase.
- Tabletop meetings/closings and payments for Master Contracts are made.
- Sub-Contracts are issued for smaller bond packages chosen for purchase.
- Tabletop meetings/closings and payments for Sub-Contracts are made.
Commissions
The total commission being paid by the Buyers is 10%. Rather than the normal division of the total commission into 50% for the buy-side parties and 50% to the sell-side parties, the entire 10% commission will be split equally between all buy-and sell-side parties. There are 5 parties expected on the trade-group buy-side plus an unknown number of banker/buyer representatives that will be included. At the appropriate time, each intermediary will be asked to submit a designated CIS document that includes the paymaster to which their portion of the commission will be delivered by the Buyer's paymaster.
Payment process for Intermediaries
The prime paymaster will make one payment to the seller and one to a paymaster representing all intermediaries. Each intermediary will be required to establish an account with the intermediary paymaster and then arrange for any further distribution of payments directly with that paymaster. The U.S. attorney and Federal Paymaster that has been chosen to distribute intermediary commissions is located in Florida and has U.S. Homeland Security clearance for making distributions anywhere in the world. SRM will be providing its client-side intermediaries with the documents needed to create their paymaster account.
Note: Details regarding this asset sale opportunity have never been presented to SRM in writing. What you read here on our web page is SRM's best understanding of the information initially relayed to us in phone conversations with the principal, or his direct representative, of the Tier-1 trade group that is in-taking packages on behalf of the Foundation Buyers. SRM attempts to update this information as we receive new or more clarified information, consequently the above information may be modified at any time. In addition, this purchase opportunity may terminate and be withdrawn from availability without any advance notice.
Request More Information
The above program was available recently. We are continually introduced to a wide variety of programs and the program mentioned above may no longer be available as specified above. Each program has its own structure and requirements. If you have specific questions, then upon your formal request, we will assist you in obtaining this information. Unless you have previously submitted it, use our Request for Information form to submit your formal information request now and we will respond to you promptly.
Request More Information
The above program was available recently. We are continually introduced to a wide variety of programs and the program mentioned above may no longer be available as specified above. Each program has its own structure and requirements. If you have specific questions, then upon your formal request, we will assist you in obtaining this information. Unless you have previously submitted it, use our Request for Information form to submit your formal information request now and we will respond to you promptly.
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